Industry News

Securities Fraud Class Action Filed Against Generac Holdings

The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Central District of California against Generac Holdings Inc. (NYSE: GNRC) (“Generac”) on behalf of those who purchased or acquired Generac securities between February 23, 2021 and July 29, 2021.
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EDA Welcomes New Board Members

The Equipment Dealers Association (EDA) is pleased to announce the election of two new directors and the re-election of one current director to its Board of Directors. Each director will serve a three year term that begins October 1, 2021 and will attend the next Board of Directors meeting this October in Dallas, TX.
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Stanley Black & Decker MTD

Stanley Black & Decker to Acquire Remaining 80% Stake in MTD Holdings for $1.6 Billion

Stanley Black & Decker announced that it has agreed to acquire the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), a privately held global manufacturer of outdoor power equipment, including Cub Cadet® and Troy-Bilt®, for $1.6 billion in cash. Stanley Black & Decker acquired a 20 percent stake in MTD in 2019.
Stanley Black & Decker announced that it has agreed to acquire the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), a privately held global manufacturer of outdoor power equipment, including Cub Cadet® and Troy-Bilt®, for $1.6 billion in cash. Stanley Black & Decker acquired a 20 percent stake in MTD in 2019.
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